Complacency Indexes Message Board

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Strategies & Market Trends : Complacency Indexes

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To: TechTrader42 who started this subject	6/6/2002 11:40:25 AM
From: TechTrader42	Read Replies (1) of 1487

The CI's have been heading down all day. When they turned down, that was a sell signal, so yesterday's longs would have been quickly sold. The CI's are oversold in all time frames, and near 0 in every case but one (the S&P LT CI is just above 20 [oversold]). The bottom might be near, but panics can occur near bottoms. Support levels were breached earlier this week, and that might mean trouble. So the CI's might wind up lingering near 0 while the market heads down. So a bottom isn't guaranteed at this point. And the CI's haven't yet closed at 0 in all time frames, so there might be more room to the downside today and/or tomorrow. This might wind up being a capitulation day. We shall see.

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